Author: NBTC
Jump Crypto has acquired a significant equity stake in Securitize for an undisclosed price. Jump Crypto, the digital asset arm of Chicago quantitative trading firm Jump Trading, has acquired a significant equity stake in Securitize, which specializes in real-world asset tokenization. Financial details of the deal were not disclosed. This partnership aims to enhance institutional access to tokenized assets, like Treasurys, private credit, and private equity, and improve collateral management solutions, especially as the demand for real-world asset tokenization grows. “We think that the market should be digesting this investment really as a signal that firms like Jump now have…
The Arbitrum Foundation took to X, formerly Twitter, earlier today to announce that the DAO is moving on to the next phase of its Stable Treasury Endowment Program (STEP), after an on-chain vote. As part of the new phase of the DAO’s initiative to diversify its treasury with investments in real-world assets (RWAs), it will allocate 35 million ARB, worth around $11.6 million at current prices, to tokenized U.S. Treasurys through leading institutional issuers Franklin Templeton, Spiko, and WisdomTree. It’s a massive day for RWAs! The ArbitrumDAO just approved 35M ARB via STEP 2 to accelerate RWA institutional adoption with…
Ripple CTO David Schwartz has sparked discussion about zero-knowledge (ZK) proofs, predicting that the cryptographic advancement could bring a major shift in the blockchain space. An X user claimed that private ledgers were technically impossible and not part of XRP Ledger’s (XRPL) functionality. Another X user responded with a 2019 tweet from Ripple CTO David Schwartz describing a vision of interconnected private ledgers: “For example, imagine 100 groups who want private ledgers for low-cost transactions in the group. They can each run private ledgers with real XRP, but where txn fees are much lower. You can bridge to/from the public…
Asset Entities, a technology firm specializing in social media marketing and content delivery across platforms, announced today it has entered into a definitive merger agreement with Strive Asset Management, backed by Vivek Ramaswamy, to create a public Bitcoin treasury Company. The combined entity, operating under the Strive brand and retaining its Nasdaq listing, will focus on maximizing Bitcoin exposure per share and aims to outperform Bitcoin over the long term. Structured as a reverse merger, the transaction is expected to provide the new entity with immediate access to an effective shelf registration statement, allowing it to begin raising capital promptly…
Ethereum’s (ETH) price has lagged behind Bitcoin over the last two years. However, over the past two days, ETH has outperformed BTC and other major coins. Ethereum’s recent price action against Bitcoin supports this bullish narrative. According to recent chart data, rare golden crosses have appeared on the ETH/BTC pair’s one-hour and four-hour charts, with short-term momentum building in Ethereum’s favor. A golden cross occurs when a shorter-term moving average, usually the 50-period, crosses above a longer-term moving average, like the 200-period. It is often regarded as a bullish signal that precedes sustained upward momentum. On the daily ETH/BTC chart,…
With the cryptocurrency industry evolving daily, Cardano remains a major market player that has been the center of attention this week. Recent data shared by TapTools via X shows that more than 78% of Cardano’s total supply is now in circulation. Hence, it is one of the most widely distributed cryptocurrencies in the market today. Cardano’s path mirrors Bitcoin’s scarcity playbook With this milestone, Cardano (ADA) is now second only to Bitcoin in terms of circulating supply among the top ten cryptocurrencies. The high circulating supply suggests that a large percentage of ADA tokens are in the hands of the…
BVNK has secured backing from Visa Ventures, marking the payments giant’s latest move to integrate stablecoin technology into its global network. Stablecoin payments infrastructure provider BVNK has secured a strategic investment from Visa, deepening the traditional payments giant’s push into blockchain-based settlement technologies. The investment, made through Visa Ventures, was announced Tuesday by BVNK CEO Jesse Hemson-Struthers. Although the financial terms weren’t disclosed, the move follows BVNK’s $50 million Series B round in December 2024, which was led by Haun Ventures and included backing from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, Avenir, and Tiger Global. Hemson-Struthers described the partnership…
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee as we dissect Bitcoin’s place in mainstream finance. The narrative of the pioneer crypto decoupling from traditional equity markets gains significant attention, but is it ready for the next step? Crypto News of the Day: Bitcoin Still a Diversifier, Not a Reliable Hedge, RedStone Exec Says BeInCrypto’s recent US Crypto News series in April explored whether the digital gold narrative was breaking down as Gold ascended to new highs while Bitcoin lagged. The report came after…
A high-net-worth Ethereum ($ETH) investor has recently made a re-entry into the market with a huge bet. As per the data from Lookonchain, the crypto whale again participated in the Ethereum market with a bold $20.55M bet following DCA strategy, irrespective of having formerly incurred a large loss of $11M. The on-chain analytics platform took to its official account on X to share details of this event. Despite losing ~$11M on $ETH before, this ETH cultists is still buying.3 months ago, a whale sold all $ETH at ~$2,740, losing ~$11M.One month ago, he re-entered by buying 2,713 $ETH($4.07M) at $1,502.As…
Polkadot announced the near completion of Polkadot 2.0, the highly anticipated upgrade to the blockchain network that includes features such as agile coretime, async backing, and elastic scaling. The whole point of the upgrade is to improve flexibility, speed, and scalability. The mentioned features are bound to make an impact as Polkadot is positioning itself to better meet the demands of the rapidly evolving blockchain landscape. For instance, asynchronous backing will allow parachains to produce blocks independently of the relay chain’s block production schedule, increasing throughput and reducing latency. Agile coretime will replace the previous fixed slot auction system and…